Ripple (XRP) Rises to 7-Week High, Bitcoin (BTC) Calms Below $66,000: Weekend Watch

Bitcoin price action has calmed down once again over the weekend, with the asset retreating over a thousand from its previously recorded peak of $66,500.

Most altcoins have also corrected on a daily basis, apart from Ripple’s native token, which has surpassed $0.62 for the first time since early August.

BTC remains short at $66,000

Last weekend was similar, as the largest digital asset went from $64,000 to around $63,000. However, it went back on the offensive on Monday and topped $64,500.

After a brief pullback, the asset returned to that level, but stalled on Thursday and settled below $63,000. This is where the bulls really stepped up and fueled a rally that took bitcoin to $66,500 on Friday morning. This became its highest price in about two months.

BTC has lost some traction since then. It dropped to $66,000 yesterday and has eased south by another $500 despite massive inflows into local US Bitcoin ETFs.

Even so, the asset is up 4% on a weekly basis. Its market cap is down slightly to $1.3 trillion, but its dominance of the highs is up to 53.9% in CG.

Bitcoin/Price/Chart 09/29/2024. Source: TradingView XRP on the Run

Most of the larger cap alternatives have mimicked the performance of BTC in the last 24 hours with smaller losses. ETH and BNB are down a little over 1% to $2,646 and $595, respectively. TON, AVAX and SHIB have all shed up to 3% in one day, and so have APT, XMR, STX, KAS and others.

Dogecoin is one of the few with notable increases on a daily scale. The largest meme coin has gained more than 3% and is above $0.125 amid speculation that it could rise to $0.15 soon.

Still, XRP has emerged as the best performer since yesterday. The token has soared 6% and is now trading near $0.63, its highest level since August 8.

Overall, however, the total crypto market capitalization has hit $30 billion overnight and is now below $2.4 trillion.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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